Connor Clark & Lunn Investment Management Ltd. Increases Position in YETI Holdings, Inc. (NYSE:YETI)

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 134.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,093 shares of the company's stock after purchasing an additional 56,841 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of YETI worth $3,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock worth $58,573,000 after acquiring an additional 7,382 shares in the last quarter. Congress Asset Management Co. grew its stake in YETI by 5.6% during the 4th quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company's stock worth $43,557,000 after buying an additional 60,407 shares during the last quarter. Bank of New York Mellon Corp grew its stake in YETI by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 830,807 shares of the company's stock worth $31,994,000 after buying an additional 5,987 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in YETI by 7.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company's stock worth $33,242,000 after buying an additional 53,023 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in YETI by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock worth $29,790,000 after buying an additional 39,709 shares during the last quarter.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on YETI. Canaccord Genuity Group dropped their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. KeyCorp dropped their price target on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus decreased their price objective on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a report on Friday, February 14th. Finally, Morgan Stanley dropped their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, YETI presently has an average rating of "Hold" and an average price target of $44.77.

YETI Stock Performance

Shares of NYSE:YETI traded up $0.43 on Thursday, reaching $34.69. The company's stock had a trading volume of 1,938,407 shares, compared to its average volume of 1,580,869. The stock's 50-day moving average is $36.50 and its two-hundred day moving average is $38.40. YETI Holdings, Inc. has a 52-week low of $31.48 and a 52-week high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The stock has a market capitalization of $2.86 billion, a P/E ratio of 16.84, a PEG ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. As a group, sell-side analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

YETI Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.